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UK GUIDANCE STILL NOT TO ENCOURAGE TRADE WITH IRAN

HM Treasury in the UK has reiterated that the Vienna agreement reached on 14 July 2015, if successfully implemented, “will ensure the exclusively peaceful nature of the Iranian nuclear programme and provide for the lifting of all nuclear-related sanctions”. In the mean time, however, EU “sanctions against Iran … including the current thresholds for prior notification or prior notification of Iran transfers are unchanged”, and that itsguidance making clear that “the UK government does not encourage trade with, or investment in Iran, and has withdrawn all commercial support for trade” remains in force.

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About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.